Analysts Set Expectations for PCOR Q2 Earnings

Procore Technologies, Inc. (NYSE:PCOR - Free Report) - Equities researchers at DA Davidson issued their Q2 2025 earnings estimates for Procore Technologies in a report released on Tuesday, May 13th. DA Davidson analyst W. Jellison expects that the company will earn ($0.08) per share for the quarter. DA Davidson currently has a "Hold" rating on the stock. The consensus estimate for Procore Technologies' current full-year earnings is ($0.15) per share. DA Davidson also issued estimates for Procore Technologies' FY2025 earnings at ($0.17) EPS and FY2026 earnings at $0.06 EPS.

Procore Technologies (NYSE:PCOR - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.06. The company had revenue of $310.63 million during the quarter, compared to analysts' expectations of $302.66 million. Procore Technologies had a negative net margin of 9.20% and a negative return on equity of 5.10%. Procore Technologies's revenue was up 15.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.30 EPS.

A number of other research firms have also weighed in on PCOR. JMP Securities boosted their price objective on Procore Technologies from $90.00 to $95.00 and gave the stock a "market outperform" rating in a research note on Tuesday, February 18th. Mizuho lowered their price target on shares of Procore Technologies from $75.00 to $65.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 15th. Canaccord Genuity Group upped their price objective on shares of Procore Technologies from $83.00 to $97.00 and gave the company a "buy" rating in a report on Friday, February 14th. Scotiabank cut their price objective on shares of Procore Technologies from $95.00 to $75.00 and set a "sector outperform" rating for the company in a research report on Thursday, April 24th. Finally, KeyCorp decreased their target price on shares of Procore Technologies from $96.00 to $77.00 and set an "overweight" rating on the stock in a report on Monday, April 21st. Four research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $80.24.

Procore Technologies Price Performance

PCOR stock opened at $71.63 on Thursday. Procore Technologies has a 1 year low of $49.46 and a 1 year high of $88.92. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.57 and a quick ratio of 1.57. The firm has a market capitalization of $10.68 billion, a PE ratio of -99.48 and a beta of 0.90. The business has a 50 day simple moving average of $64.72 and a 200-day simple moving average of $72.49.

Insider Activity at Procore Technologies

In related news, CFO Howard Fu sold 8,000 shares of the company's stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $87.00, for a total transaction of $696,000.00. Following the sale, the chief financial officer now directly owns 156,188 shares of the company's stock, valued at $13,588,356. This represents a 4.87% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CRO Lawrence Joseph Stack sold 1,000 shares of the business's stock in a transaction on Friday, May 9th. The stock was sold at an average price of $65.60, for a total transaction of $65,600.00. Following the completion of the transaction, the executive now owns 217,868 shares of the company's stock, valued at approximately $14,292,140.80. This trade represents a 0.46% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 55,142 shares of company stock worth $4,119,407. Insiders own 29.00% of the company's stock.

Institutional Trading of Procore Technologies

Several hedge funds have recently modified their holdings of PCOR. Parkside Financial Bank & Trust raised its position in Procore Technologies by 61.3% in the 4th quarter. Parkside Financial Bank & Trust now owns 387 shares of the company's stock valued at $29,000 after purchasing an additional 147 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in Procore Technologies by 277.0% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 524 shares of the company's stock valued at $35,000 after acquiring an additional 385 shares in the last quarter. V Square Quantitative Management LLC raised its holdings in Procore Technologies by 37.8% in the fourth quarter. V Square Quantitative Management LLC now owns 591 shares of the company's stock valued at $44,000 after acquiring an additional 162 shares in the last quarter. Huntington National Bank lifted its stake in Procore Technologies by 161.6% in the fourth quarter. Huntington National Bank now owns 654 shares of the company's stock worth $49,000 after acquiring an additional 404 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ grew its holdings in Procore Technologies by 1,434.0% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 721 shares of the company's stock worth $54,000 after acquiring an additional 674 shares in the last quarter. 81.10% of the stock is currently owned by institutional investors and hedge funds.

About Procore Technologies

Procore Technologies, Inc engages in the provision of a cloud-based construction management platform and related software products in the United States and internationally. The company's platform enables owners, general and specialty contractors, architects, and engineers to collaborate on construction projects.

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